Companies Law

Transfer of Interest Ownership and Trading of Shares 1. Ownership of interests in general partnerships, limited partnerships, and limited liability companies shall be transferred upon registration with the Commercial Register. Transfer of ownership of interests shall not be valid against the company or third parties except from the date of registration. 2. Shares of unlisted joint-stock companies and simplified joint-stock companies shall be traded upon registration with the shareholders’ register stipulated in Article 112 of this Law. Transfer of ownership of shares shall not be deemed valid against the company or third parties except from the date of registration. 3. Shares of joint-stock companies listed in the capital market shall be traded in accordance with the Capital Market Law and its implementing regulations. Chapter 3: Management of a Company